Thousands of HSBC workers to strike

Thousands of HSBC workers will staged a nationwide 24-hour strike tomorrow in a dispute over pay, the biggest industrial action against a leading bank for more than eight years.

Thousands of HSBC workers will staged a nationwide 24-hour strike tomorrow in a dispute over pay, the biggest industrial action against a leading bank for more than eight years.

Members of Amicus will picket the bank’s branches across Britain and will lobby HSBC’s annual meeting in London.

Union activists will hand out packets of peanuts to shareholders, symbolising their anger at an imposed pay deal.

The bank said it expected most of its 1,500 branches to remain open despite the walk-out.

“We have contingency plans in place and management and staff will work to ensure it is business as usual,” said a spokesman.

The bank said around 10,500 of its 55,000 workers belonged to Amicus so it expected most of its employees to be in work.

The union claimed that 10% of staff will receive no pay rise this year and a further 45% will be given an increase below the rate of inflation.

National officer David Fleming said: “Thousands of HSBC staff will be striking in protest at a derisory pay offer which has been imposed on them by the bank.

“This is despite the fact that HSBC announced a record-breaking £9.6billion profit in February.

“We regret any inconvenience to customers but the efforts we have made to resolve this dispute have fallen on deaf ears. The bank has simply refused to listen to its staff.”

Amicus claimed that HSBC workers in India staged a protest today in support of the UK workers.

Sue Jex, HSBC’s head of employee support, said the bank had awarded a record pay and bonus pay-out of £164m (€238.7m) to its staff.

Almost 60% of employees had received increases above the rate of inflation and seven out of 10 had been given a bonus of at least 10% of their salary.

The bank maintained that only 1% of employees had received no pay rise and no bonus.

The bank added that 10million share options had been awarded to staff last year.

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